Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Canada
Annual, Not Seasonally Adjusted
LRACTTTTCAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.47
Year-over-Year Change
-1.87%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It is a key indicator of the health and dynamics of the U.S. labor market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The labor force participation rate represents the percentage of the civilian, non-institutional population that is either employed or actively seeking work. This measure provides important insights into workforce trends and labor market conditions.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this metric to assess the strength of the labor force and inform economic and workforce development strategies.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates tend to decline during economic downturns.
- Women's participation rate has risen significantly since the 1950s.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted labor force participation rate represents the percentage of the civilian, non-institutional population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and dynamics of the U.S. labor market, which is crucial for policymakers, economists, and workforce analysts.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the health of the labor force and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a relatively short time lag, providing timely insights into workforce trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRACTTTTCAA156N), retrieved from FRED.